Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Ministry to target groceries' that feed on big retailers  Join our daily free Newsletter

MENAFN - Khaleej Times - 03/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Shops basket items at ramadan prices sell them at higher prices

the inspection campaign will begin at groceries in abu dhabi before the holy month of ramadan and then be extended to other emirates. — kt file photo used only for illustrative purpose

the consumer protection department at the ministry of economy is planning to carry out inspections at groceries in abu dhabi first and in other emirates later to ensure that they are not buying commodities from big retail chains at discounted rates and selling them at higher prices ahead of the holy month of ramadan.

the inspectors would check the receipts the groceries have for purchasing foodstuff and other goods which they are selling and the prices they charge from consumers.

the step is in view of complaints that certain groceries buy a large quantity of goods from big outlets which offer special prices during occasions like ramadan. sometimes the prices charged by groceries are twice the same at big retailers.

dr hashim al nuaimi director of the consumer protection department said they decided to launch inspections across groceries after receiving complaints from sale outlets and retail chains blaming groceries of buying foodstuffs and other edible items sold at discounted prices and sell them to consumers at higher prices. the ministry and trading centres together have laid down a plan to confront such malpractices so that consumers could make maximum use of the ramadan offers.

according to the plan the ministry’s inspection teams would check the bills and receipts to make sure that the groceries have bought the items directly from their authorised suppliers not from other retail outlets.

the inspection teams would also make surprise visits to groceries during ramadan. “any grocery caught flouting this rule would be slapped with a fine ranging from dh5000 to dh100000” al nuaimi confirmed.

“such malpractices harm the interests of both consumers and big retailers which spend millions of dirhams to procure these items and offer them at affordable prices to consumers.”

the department has identified 15 major items which are sold at higher prices by groceries after getting them from big outlets and cooperative societies at cheaper rates sometimes up to 30-40 per cent during ramadan. these include milk edible oil sugar tea detergents vimto (juice) and raisins.

al nuaimi assured consumers that the market has sufficient goods and advised them not to hurry to stash them up for ramadan.

he called upon consumers to dial the ministry’s contact number 600522225 if they want to complain about price hikes and selling of expired goods.

news?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Apr 26 2015 - Morsi's trial 'badly flawed': HRWDaily News Egypt
(MENAFN - Daily News Egypt) Human Rights Watch (HRW) described the first trial of former president Mohamed Morsi as "badly flawed", in a statement on Sunday.The watchdog added in its statement that ...

 Apr 26 2015 - Egypt returning to central role in world: MehlebDaily News Egypt
(MENAFN - Daily News Egypt) The State Information Service (SIS) hailed Prime Minister Ibrahim Mehleb's visit to Indonesia Sunday as "a message that Egypt has made a strong return to its natural and ...

 Apr 26 2015 - Egypt- Feud between Mortada Mansour and UWK continuesDaily News Egypt
(MENAFN - Daily News Egypt) The Criminal Court postponed to 10 May the trial of 21 Ultras White Knights (UWK) members on charges of the attempted murder of the Al-Zamalek club's president Mortada ...

 Apr 26 2015 - New Mondelez Egypt production-line investments are worth EGP 200 m: Managing directorDaily News Egypt
(MENAFN - Daily News Egypt) The Mondelez chocolate company has launched a new production-line under the name of "Marvellous Creations", according to Bassil Abul-Ata, Managing Director of Mondelez ...

 Apr 26 2015 - 6 banks request Citibank Egypt retail business acquisitionDaily News Egypt
(MENAFN - Daily News Egypt) Six banks have requested to acquire Citigroup's retail business in Egypt, with the Central Bank of Egypt (CBE) on top of the acquisition discussions, a Citibank Egypt ...

 Apr 26 2015 - Spike in 'single' cigarette sales expected to decrease tax proceeds by EGP 2bn: TradersDaily News Egypt
(MENAFN - Daily News Egypt) The Cairo and Giza Tobacco Traders Association expects a decrease in tax proceeds of EGP 2bn in the current fiscal year's national budget, due to a nationwide increase in ...

 Apr 26 2015 - Egypt- CBE reduces commission of credit letters to facilitate importsDaily News Egypt
(MENAFN - Daily News) EgyptImporters commented on the recent decision of Central Bank of Egypt (CBE), reducing commissions of opening letters of credit from 2.5% to 1.5%.The importers said the ...

 Apr 26 2015 - Banque du Caire targets EGP 2bn increase for retail portfolio by end of 2015: HusseinDaily News Egypt
(MENAFN - Daily News Egypt) Banque du Caire is targeting an increase of partial loans by EGP 2bn by the end of this year, to come in at a value of EGP 22bn.Ahmed Hussein, Director of Retail Banking ...

 Apr 26 2015 - Egypt- Consumer Protection emphasise maintaining mineral water pricesDaily News Egypt
(MENAFN - Daily News Egypt) As fears over water safety continue, measures are taken to ensuring mineral water prices remain unchanged.The Consumer Protection Department at the Ministry of Supply and ...

 Apr 26 2015 - Egypt- VAT law will raise inflation indicators, reduce purchasing power of consumers: Dcode ChairmanDaily News Egypt
(MENAFN - Daily News Egypt) Chairman of Dcode Economic and Financial Consulting Mohamed Farid expects inflation indicators to rise, while the purchasing power of consumers will be reduced with the ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help